Friday, 10 July 2015

Profit and loss Shortcuts for bank exam

Profit and loss formulas and shortcuts for ibps,sbi po and clerk

Profit and loss problems for bank exam:In every bank exam,at least 1-2 questions will be from profit and loss section.By understanding few simple formulas and shortcuts you can easily score full mark from this section.Here we are sharing some important formulas and shortcut tricks to solve profit and loss problems faster.

Basic formulas for profit and loss

Cost Pice:Cost price(C.P)is the price at which a particular article is bought.

Selling Price:Selling price(S.P) is that price at which a particular item is sold.

If an article is sold at 40% profit,then S.P=140% 0f C.P

If an article is sold at 40% loss, then S.P=60% of C.P

The profit or loss percentage is always calculated based on C.P

If P sold an article at a profit R1% to Q.Q sold it to R at a profit of R2% and R sold it to S at a profit of R3%.Then money spent by S for buying article

Example:A sells a radio to B at a gain of 10% and B sells to c at a gain of 5%.If C pays Rs.462 for it,what did it cost to A?C.P of radio to C=C.P of radio to A * (1+10/100)(1+5/100)=> 462=C.P of radio to A * 110/100 *105/100=>C.P of radio to A=(462*100*100)/(105*110)=400

If there are two successive profits (R1% and R2%) obtained on an article then

Example:A dishonest shopkeeper deceives by 15% at the time of purchase of article and also 15% at the time of sale.Find out the profit percentageProfit%=15+15+(15*15 / 100)=30 + 225/100 =30+2.25=32.25%.

If a seller mark P% above cost price and gives a discount of Q%,the final